Urban development

Urban development investments surge to ₹28.52 lakh crore, focus on sustainable growth

The Union Minister for Housing and Urban Affairs, Manohar Lal, announced a 16-fold increase in urban sector investments during a press briefing. Investments in urban development have grown from ₹1,78,053 crore during 2004-14 to ₹28,52,527 crore since 2014. The Minister said that urban development remains a key focus area to achieve the government’s target of a developed India (Vikshit Bharat) by 2047. In the last six months, urban development initiatives have been expanded to address chal...

July 30, 2024 9:03 PM

Govt increases allocations for all social sectors in budget, including agriculture and employment

Finance Minister Nirmala Sitharaman addressed the parliament on Tuesday, responding to discussions on the recent budget. She emphasized significant increases in allocations for various social sector schemes compared to both the previous year and 2013-14. Sitharaman reported that the government's overall expenditure has grown to Rs 48.21 lakh crore, projecting a 7.3% increase over 2023-24 and an 8.5% rise over pre-actuals of 2023-24. In her address, the Finance Minister detailed the growth in s...